johnboyltd

OPEC and Production Cuts: Why Now's the Time to Buy

Excellent article however the maths need amending for the production decline rates which may be in excess of 4% ( 3.5 million bpd). Also many of the higher cost projects that are coming on stream were proposed at $45 -$55 / barrel.Notwithstanding that a correction is clearly going to happen, hopefully soon!!!